This bill amends existing laws regarding the investment strategies of the Alaska Permanent Fund Corporation. It mandates that the board invest at least 25 percent of fund assets in a stock market index that tracks the performance of 500 companies listed on U.S. stock exchanges, selected primarily based on market capitalization. The previous requirement for maintaining reasonable diversification among investments and prioritizing in-state investments has been removed.

Additionally, the bill allows the board to adopt regulations to implement the chapter's purposes without the requirement to adopt regulations under a specific section of the law. It also repeals certain subsections related to investment regulations. The effective date for this act is set for July 1, 2027.

Statutes affected:
HB0373A, AM HB 373, introduced 02/23/2026: 37.13.120, 37.13.206